The Next Massive Bailout: Student Loans

[fluffy2017]

<p>

@saintfan

ARE there doctors who don’t have loans?

</p>

<p>Of course there ARE.</p>

<p>14% of medical school graduates had no debt at all.</p>

<p>Another 7% had 100k or less.
Another 16% had between 100k and 150k.</p>

<p>Only 35% had any pre-medical education debt and the average debt for them was 20k. So 65% entered medical school with no debt.</p>

<p><a href=“https://www.aamc.org/download/152968/data/debtfactcard.pdf”>https://www.aamc.org/download/152968/data/debtfactcard.pdf&lt;/a&gt;&lt;/p&gt;

<p>Since the loan forgiveness discussion was also about teachers serving in rural areas, I would think that there overall education costs would be substantially less.</p>

[theanaconda]

<p>nationalize colleges. education is simply too expensive today, colleges are too much for profit and just research. I thought we as Americans value mobility? Can you explain how there is social mobility if the majority of the population can’t afford an education? </p>

[Flossy]

<p>There are CC’s and state schools. But, social mobility is becoming a problem due to ridiculous economic policies.</p>

[fluffy2017]

<p>

@flossy

But, social mobility is becoming a problem

</p>

<p>Actually, that popular myth is not at all true.</p>

<p>

Putting together our results with evidence from Hertz (2007) and Lee and Solon (2009) that
intergenerational mobility did not change significantly between the 1950 and 1970 birth cohorts, we
conclude that rank-based measures of social mobility have remained stable over the second half of the
twentieth century in the United States.

</p>

<p>source: <a href=“http://obs.rc.fas.harvard.edu/chetty/website/v2/Trends%20Executive%20Summary%20January%202014.pdf”>http://obs.rc.fas.harvard.edu/chetty/website/v2/Trends%20Executive%20Summary%20January%202014.pdf&lt;/a&gt;&lt;/p&gt;

<p>and this:<br>

It turns out that 12 percent of the population will find themselves in the top 1 percent of the income distribution for at least one year. What’s more, 39 percent of Americans will spend a year in the top 5 percent of the income distribution, 56 percent will find themselves in the top 10 percent, and a whopping 73 percent will spend a year in the top 20 percent of the income distribution.

</p>

<p>source: Mark R. Rank, a professor of social welfare at Washington University and the co-author of “Chasing the American Dream: Understanding What Shapes Our Fortunes.”</p>

<p>So there appears to be quite a lot of mobility and change.</p>

[Findmoreinfo]

<p>No bailout, No Bailout, NO BAILOUT! With all sorts of bailouts this country is training and encouraging people to be irresponsible, why?</p>

<p>Not everyone needs to go to college. Overpopulated college graduates created a different problem. The country I came from had 100% high school graduates went to college and it ended up with 400 college graduates fighting for a genitor position. Do we want that? Plus bailout their student loans? </p>

<p>We should encourage students who don’t seem to be able to be successful in college to go to VoTech type of schools.</p>

<p>Also Universities should do a better job to only allow qualified students to be admitted and then help them to graduate with a job-preparing major. Those high school seniors who are obviously not prepared for college shouldn’t be encouraged to go to college otherwise it is a burden to taxpayers and setting up failure for the students. Universities with open enrollment should reconsider to change policies to admit only qualified/prepared applicants. </p>

[actingmt]

<p>The statistics about social mobility are extremely misleading. If anyone doesn’t think the middle class is shrinking I would encourage you to get out more.</p>

[fluffy2017]

<p>^^^ Why are you equating social mobility with the size of the middle class?</p>

[Ivyt]

<p>

The statistics about social mobility are extremely misleading. If anyone doesn’t think the middle class is shrinking I would encourage you to get out more.

</p>

<p>What is the middle class exactly? You can’t make a statement like that without defining what the ‘middle class’ is. </p>

<p>If it is just the population in a certain percentile on the average income scale, I don’t think it can actually ‘shrink’ unless the population shrinks with it (Ex. There will always be x amount of people in the top 20% of incomes no matter how much salaries drop). Do you define it through an average income over x amount of dollars?</p>